Just Wines nabs drinks rival Beer Cartel in M&A deal
Online drinks retailer Just Wines has bought craft beer seller Beer Cartel and its Brewquets gifting brand, after earlier picking up administrators' sales Sans Drinks and Liquor Loot.
Company
Sydney, NSW
Every investor coverage indicates participated in a round BoozeBud raised.
Every published round BoozeBud took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies BoozeBud has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Fund closes reported for BoozeBud, as distinct from the investments it has made.
Companies BoozeBud has backed that another company then bought. An exit for the holding, not a deal BoozeBud did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of BoozeBud is recorded as having been acquired. | ||||
The transaction that ended BoozeBud's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| HairyDog | Acquisition | May 2023 | - | Startup Daily (8 Jul 2024), SmartCompany, Startup Daily (27 Jun 2023), Startup Daily (30 May 2023) |
| ZX Ventures | Acquisition | Aug 2018 | - | Startup Daily (30 May 2023), Startup Daily (4 May 2023), SmartCompany |
Companies BoozeBud acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Get Wines Direct | Acquisition | Dec 2021 | - | Startup Daily (30 May 2023), Startup Daily (4 May 2023), SmartCompany |
| Name | Role | Sources |
|---|---|---|
| Alex Gale | Founder | Startup Daily, SmartCompany |
| Andy Williamson | Founder | Startup Daily, SmartCompany |
| Mark Woollcott | Founder | Startup Daily, SmartCompany |
| Dan McMillan | Chief Marketing Officer | SmartCompany |
| Stuart Barclay | CEO | SmartCompany |
Stories naming BoozeBud. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Online drinks retailer Just Wines has bought craft beer seller Beer Cartel and its Brewquets gifting brand, after earlier picking up administrators' sales Sans Drinks and Liquor Loot.
Sydney spirits subscription startup Liquor Loot has entered insolvency, with administrators appointed; the piece recalls its 2020 seed raise and similar collapses at BoozeBud and Gintonica.
Also Startup Daily
Online gin retailer Gintonica has entered administration weeks after being put up for sale, with the article also recalling administrations at Kaddy Group and BoozeBud and Milkrun now operating under Woolworths.
Victorian online alcohol seller Hairydog has bought the assets of failed rival BoozeBud out of administration, with a relaunch planned and revenue expected to top $75 million.
Online liquor retailer BoozeBud entered voluntary administration on May 2, with William Buck halting sales and exploring a sale; the article also recalls its earlier ownership changes and other failed delivery startups.
BoozeBud has entered administration, with William Buck's Michael Brereton and Sean Wengel appointed. The piece recounts the online alcohol retailer's 2018 sale to ZX Ventures, its 2020 sale back to founders, and its Get Wines Direct acquisition.